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Ethereum (Cryptocurrency)

Ethereum | 2020 Will be Bullish Year For Ether..!!What is Ethereum.?? Ethereum is an open source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ether Milestones Late 2013 - Ethereum White Paper released by Vitalik Buterin. July/August 2014 - Ethereum Crowdfunding to fund development. 30th July 2015 - Public launch (Version 1, codename “Frontier”) with 72 million coins pre-mined to support development. October 2015 - First Ethereum Improvement Proposal (EIP-1) lays out the rules for governance and community consensus. 14th March 2016 - First “stable” release (Version 2, codename “Homestead”) with updates to security, transaction processing and pricing. June 2016 - The DAO hack. 20th July 2016 - ETH/ETC Hard Fork. 16th October 2017- Version 3 (codename “Metropolis: Byzantium”) with updates to the Ethereum Virtual Machine and smart contracts. 2017 - Ethereum Smart Contracts enable the funding of many crypto-currency projects via Initial Coin Offerings (ICOs). December 2017 - Cryptokitties brings out scaling problems in Ethereum, with the network being congested and transactions being delayed. 28th February 2019 - Version 3.5 (codename ”Metropolis: Constantinople”) implementing zk-SNARKS borrowed from ZCash. ETH/BTC (Update) Now Let's Take a Look on Ether Technicals, In Bigger Chart (Monthly) Forming a Wedge Pattern & I Think 2020 Will Be Bullish Year For Ether.(If Follows my Plan) ETH/USD (USD Pair) Just like BTCUSD , Ether is Also Moving inside the Descending Channel (Downtrend) in Daily TF Chart. Recently Tested the Lower Channel Line & Now Bouncing up Towards the Key Resistance (144), Just like BITCOIN . It's Decreasing the Volume since 25th June Top & Now I Think It's Time For Reversal..(Major Indicators ( MACD & RSI ) Are Also Turning Bullish ) Now If Key Resistance Broken in Coming Days Then ETHER Will be Back in Uptrend & It Might Test (195) Resistance. In 3D & Weekly Chart, It's Forming Bullish Wedge Pattern as well .. Please like, subscribe and share your ideas and charts with the community!
Education
by Faibik
2
ETHUSD PRICE ACTION PIN BAR TRADING STRATEGYPin Bars This price action strategy will focus entirely on a price pattern called pin bars. This candle is simply the price hitting a certain level and being “rejected” from it. This bar has a long tail on it with a small body. There are different types of characteristics for a particular pin bar. For instance, the long end of the candle is the wick, while the small end (the opposite side of the body) is called the nose. Most agree the long tail, or “wick,” will be at least two-thirds the total length of the pin bar itself. The other part of the pin bar will naturally be, at the most, one-third of the candle. The open price of the candle and the close should be relatively the same price. This forms the ‘Body.’ To confirm a pin bar, you must wait for the candle to close. Just because the current candle “looks” like a pin bar, does not necessarily mean it is. in the example above, the price movement could have continued upward and closed at the top of the candle. In turn, it would not be considered a pin bar. Basic Guidelines: Timeframe - ANY Market - ANY Indicators - NONE OTHER - Trend lines, horizontal lines, support resistance lines (anything to help you find these areas). Step 1: Find a Pin Bar On Your Chart. *Note This is a stock price action strategy, and a forex price action strategy. I will use a currency pair as an example. Price action charts are with any market and timeframe. First, identify a pin bar that has formed. Step 2: Look for Past Price Action to Determine Why The Pin Bar Formed. Why did the reversal suddenly hit a price, and then continue back to the upside? Let’s zoom out a bit on a daily chart. We'll figure out if we can see anything that explains what happened. Note** you can either look at the current time frame you are on, in this case, a 1-hour time period. Or you can bump up one or two periods to gather information. Resistance in the past can mean support in the future. What happened is the price hit this level but failed to break through it. Since the long bullish wick formed, we decide it is time to enter this trade based on what we learned from the prior days. This is what Price Action is all about. No two trades are the same. However, we can take what we've learned from the past. Then make the best judgment as to where the price is going in the future. You are essentially like a detective when you trade price action. The point is to gather many pieces of evidence to back up your conclusion. You are trading with confluence. Sometimes simple is best. Study the charts and form an educated conclusion as to where the price will go. Step 3: Trade entry You just enter the trade 2-3 pips from the break of the nose of the pin bar. Step 4: Stop loss Place the stop loss 3-5 pips away from the wick. The end of the wick will be a support area. So if this is broken the trend may continue downward. Which is why you place your stop 3-5 pips away from this. Step 5: Exit Strategy Your exit strategy is when you hit the first level of support or resistance on your chart. As you can see, the price hit a point then stalled out. Once we see the price action stalling out, we exit the trade immediately. Conclusion - Price Action Pin Bar Strategy Price action is another fundamental element to learn when trading the market. There are thousands of strategies you can use with price action. It is important to find something that works for you. These pin bars are hard to miss. They are relatively accurate when you learn why a pin bar formed. Pin bar candles are shown in any time frame. The rule of thumb is, the higher the time frame, the stronger the signals. But that does not mean that this will not work on a five-minute time frame. Do not trade every pin bar you see that forms. Gather up key information from the charts. Then form the best conclusion to determine if you should enter the trade based on the rules.
COINBASE:ETHUSDEducation
by Tradingstrategyguides
ETHUSD 1H INSIDE CANDLE BREAKOUT SHORT TRADEWHAT IS AN INSIDE CANDLE 1. Previous candle engulfs next candle 2. 2nd candle high is lower than 1st candle 3. 2nd candle low is higher than 1st candle INSIDE CANDLE METHOD 1. Incoming Trend 2. Inside candle - Opposite color 3. Enter Break of Engulfing Candle Inside Candle method is a great short term consolidation indicator. If your trade plan contains breakouts and consolidation then this method is for you. This is a great way to find smaller consolidations quicker which will give you more trades on whatever time frame you want to look. On a daily chart it may take weeks for a consolidation pattern to form. Inside candle represents a pause, consolidation or compression in the market after a big move. Often you will also see reduced volume on the inside candle. Inside Candle method is a pause or a reversal of the trend . So it is more effective if there is an incoming trend. Enter a break of the larger engulfing candle in the direction of the break. Enter with a Stop Order a few pips above or below breakout level. Which trades you take is a matter of preference. Some like reversal trades or trend-following trades. Scalping in doesn't matter what direction you may go. Trend following you will want to see this in the context of a larger trend. Take all the trade setups and just shut down the ones that don't perform. Trade Management: Enter 2 trades Stop Loss is 1.5 x ATR for both trades First Take Profit is 1 x ATR for 1st trade 2nd trade there is no take profit. When 1st TP is hit move 2nd trades SL to breakeven. Let profit run on 2nd trade by following/trailing SL. If a candle closes back inside the larger engulfing candle close down trade. Watch for a setup for the next breakout.
COINBASE:ETHUSDEducation
by Tradingstrategyguides
BTCUSD & ETHUSDT | Direct correlation of assets' price actionAt the 4H-timeframe scale it can be clearly seen how perfectly correlated are Bitcoin and Ethereum price actions in the middle term. There are vertical flags with dates and time from the beginning of the observation till the current moment. Starting from the 21th of November you can see each sharp movement duplicates, even IHS patterns were formed in the same manner. What does it mean? 1. Bitcoin's capitalization and Ethereum capitalization is represented mostly by the same big players now. 2. Once fundamental news arrive and affect the market big players either fix their crypto to stable coins in case they expect drop or enter the market back diversifying their holdings between ETH and BTC in equal proportions. 3. It does not seem like a collusion it is more likely big players want to diversify, however this now destroys opportunities of diversification. 4. Because ETH and BTC can no longer be used for diversification soon we will see whales choosing other instruments for it. 5. Once new coin is determined ETH will have an inverse correlation with Bitcoin. Moreover Ethereum will face with a sharp value drop once it happens. Conclusion: Do not use Ethereum for diversification in the mid or long term. Ethereum is now risky for long term holdings, choose several top-10 cryptocurrencies instruments for it
COINBASE:BTCUSDEducation
by Skyrexio
Example of cryptocurrency market infancyWe are currently still in the infancy of the cryptocurrency market, as the market matures more coins will die off, fundamentals will become more prominent during evaluation and new trends within culture will emerge, including cryptocurrency. Often this infancy is compared to the dot com bubble which it is very much alike. This infancy is a direct contributor to the volatility and unpredictable nature of many coins, and most of the time this volatility is dependent on speculation. Once VERY clear leaders emerge (bitcoin, Eth, XRP at the current time) volatility will slow, and more growth will be seen as more confident investors enter the space. Leave comments below I would love to hear your feedback, (what else I could have included).
REducation
by Bixley
The importance of name branding and logo in cryptocurrencyName and logo are important in evaluating the possible value of a cryptocurrency, for example, during the dot com bubble, Boo.com, 3com, lastminute.com all experienced large gains within the first months of IPO release but prices steadily declined to zilch. This is most likely due to fundamentals however name and logo both play into this also. Attracting investors based on appearance and branding, establishing a memorable impression with these factors is vital for the survival of a company. Not much has changed with cryptocurrency the spread of Name and logo is pretty clear, for example (my personal opinion) Waves, Seele, Ravencoin, all provide less than notable impressions, while Augur, Ethereum, NEO and Cardano give quality first impressions (again my opinion). The stellar rise of these coins and similar coins may be seen once maturity of the market is observed, again fundamentals plays a big part but branding also is notable. Leave some feedback and your own thoughts!
KRAKEN:ETHUSDEducation
by Bixley
4
EW Analysis: BTCUSD And Friends In The Corrective PhaseHello traders! Welcome to the Crypto Quick Overview chart with major cryptocurrencies of BTCUSD, ETHUSD, LTCUSD, DSHUSD , XRPUSD and BCHUSD in which we will show you how the cryptocurrencies look from Elliott Wave perspective. In the Crypto market it's important to respect correlations, because they are most of the time moving together in positive correlation. Of course, there are no tick by tick correlations, but when analyzing it's very recommended to respect them! Well, what we currently see is a corrective development within downtrend in all major cryptocurrencies, which means that Cryptos can see more weakness in the upcoming sessions, so they can be easily headed back new lows after these slow price actions and choppy + overlapped wave structures! What we want to say is that don't fall in love with bulls just yet, because we see room for another, maybe the final wave down in the higher time frame charts and once/if they hit new lows, this is when we will expect a bullish reversal, but as always we need confirmations, which we currently don't have them yet! Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
1
What can we learn if BTC decouples from ALTs & Dominance drops?This last move was important to pay attention to and be aware of whats going on in the markets. Bitcoin has been dominating the landscape for some time and for good reason. It has the most exposure, it has large funds being able to invest in it, etc, etc.... People were creating ways to get into the crypto craze and found ways to do it. I am not hear to pinpoint on exactly when to get in. I am hear to tell you that if you are sitting on the sidelines mulling around whether or not it's a good time to get in, please consider this chart. I can throw most any major alt coin and the result will be similar as to the eth and ltc comparison. AS BTC dominance drops, the ALT's rose, along with BTC for that matter. If we are going to have a massive alt season 2, this will be the time to get in and HODL. If you are targeting ETH, will it matter if you get in at 150, 200 or even 250 if it goes to $1,200? No, it won't. If you wait for more confirmation, you could possibly miss a large move to the upside. Maybe it goes down more before it goes up, no one knows. If we take a step back for a moment and look at bitcoin dominance we can see what story it is telling. The first and most obvious is that when BTC domiance dropped in 2017 prices started to increase. It's important to notice that this happened MID 2017, but people consider the bull run to happen late 2017 if not the beginning of 2018. But if you invested then you were late. You were showing up to the party as the police were arriving. Not a good time. The BTC dominance MACD is just about to arc over and cross. RSI is very much oversold. The BTC halvening is approaching next year, there are massive advances in crypto, etc... The decoupling exposed itself this last rally when almost EVERYTHING moved up and BTC stayed flat. Of course everything has corrected a bit, but that is to be expected. There are signs they are decoupling and if so it could be worthwhile to begin to take positions for a move up. Almost EVERY cross (ETH/BTC, LTC/BTC, etc..) are at all time lows, priming the pump for another ALT season. Ask yourself this... If ETH went down to $150 even if you bought at $200, would you be angry at having to ride it out? Or more angry if you hadn't bought at $200 and it moved up to $300, or 500? Make sure you evaluate your plan, whether trading or hodling and know the potential of what is going on. Stay disciplined. Could BTC go down to 7k?Could it drag everything else down with it? Very possible, and it's what I have thought until this latest move. Because what if it decouples from alt's and those stay stable or even move up? As evidenced by the recent moves? Compare the latest ETH chart to BTC. It looks like BTC is moving down and ETH to the upside... It will be quite interesting to see where we go and I hope I provided some insight and help for your positions or trading. Best of luck trading and hodling -Sherem
CRYPTOCAP:BTC.DEducation
by Sherem
5
Ethereum the bitch that keeps on giving.So as we all know, eth was once above $1400.00!! Here we sit at 168.55usd having just broke that channel I recently drew on my chart. What's ironic is that I trade eth alot more than I trade bitcoin but mostly post bitcoin ideas, today I finally post some stuff for eth. I will be adding updates, this is a shorterm chart so ill add some longer time frame views as we go. Please enjoy. Also please remember that I am a speculator, not your trading adviser. Don't copy what I do, learn to do it without anyone's help and you'll be very rich one day.
BITMEX:ETHUSD.PEducation
by UnknownUnicorn995708
ETH: Crucial S&R Zone!ETH is at the crucial 215-16 S&R Zone: A bullish bounce would lead to previous highs. A bear break could lead to the previous breakout zone. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
COINBASE:ETHUSDEducation
by Edgy_
2
Ethereum Classic - Trend line BATTLE - Who will win?This is a daily chart of ETCUSD on Kraken. Looking at some of the recent price action, it seems like we're in a trend line battle. If we draw an uptrend line (green) from the low around $3.5, we see that this is being highly contested with, right now. Similarly, if we draw a downtrend line (red) from the high around $10, we see that price has not used it much as resistance yet. Based on this alone, the bears are clearly winning. But let's look at volume, too, to give us a better picture. Even in volume, we are in the midst of a long downtrend which has not been contested much with, yet. Overall, the bears are in control and the bulls have fallen asleep.
KRAKEN:ETCUSDEducation
by realcapmillen
Ethereum (ETHUSD) Resistance - Expect at $240This is a daily chart, of ETHUSD on Kraken. We see a relatively bullish uptrend as of late, but I expect resistance to be hit around the $240 level. Why? A few reasons. Firstly, we can see a cluster of historical resistance and support around those levels. Makes sense for price to be tested there again. Secondly, the $240 level is right around the 0.382 retracement, if we draw a Fib from the high pivot around $364 to the low pivot around $165. 0.382 is a frequent area of resistance. Do you have different potential areas of resistance, based off of different analysis, i.e Gann, etc? Anyway, let's keep our eyes peeled.
KRAKEN:ETHUSDEducation
by realcapmillen
Ethereum : Equilibrium on market and dominance on bitcoinHello fellas, Finally we get some moves on BTC and once again our analysis has met the precision here with a drop. I've warned you about the bull trap region and possible drop. At the time I made this post, the bitcoin dominance is standing at around 69.4% which is extremely high and not ideal for me. So, I believe in the near future, the dominance will throw over from current level and we will see a drop on bitcoin too. The biggest question is, what could happen on altcoin market? will it follow the bitcoin's drop? or will it moves against bitcoin? Personally, I really think that current price of altcoin is pretty low and most of them has already touched the historical low. I really can't imagine if the price of that altcoin will drop from current level, it will be such a hell. I use only the logical think to represent my view on current market. Just imagine if the dominance of bitcoin decrease, this will mean there will be a money outflow from bitcoin to keep the equilibrium play in this major market and if there is a huge outflow from bitcoin investment, I do believe the money from big investors which is known as whales in crypto industry will fill in the altcoins space to help bitcoin decrease its dominance. This phenomenon will cause a negative correlation between bitcoin and the altcoin. I choose to pick ETH as my weapon on this possible bullish scenario on alts because Ethereum is the 2nd largest crypto in this universe just under bitcoin in its rank based on market volume. I do believe in its project too. And from the technical side, it is moving align too with my above statement. currently the price is playing in the break out cycle both on diagonal and horizontal levels and based on the RSI and MACD, I see the price is gaining strength with its bullish divergence on daily based. I need to see 1 more drop toward the white region and if this level can hold on the price, I will open a long position from there. This will be a beautiful trade if I have all the confirmation is being met and you will feel how satisfied is with this profit.
BITMEX:ETHUSD.PEducation
by julio24albert
DEFENDING ALTSEASON - SHITCOIN MANIFESTOIn this post I will explain why there will be another alt season and alts will perform well at some point against Bitcoin. 1. Shitcoins piggy back on Bitcoin's success. For as long as Bitcoin is doing well, people will try to find the next Bitcoin. Many newcomers will feel they missed the boat or they will simply believe Bitcoin is outdated tech. Most people don't understand what Bitcoin is about, so the moment someone pitches to them Bitcoin 2.0 / 3.0 etc they start believing him. This is mainly based on greed as they think the'll get much better returns by betting on these shitcoins. At the same time whales and everyone here, wants to either increase their Bitcoin stash or USD stash in one way or another... and altcoins are on of the best ways to do so. People can't easily manipulate Bitcoin that is so big and liquid, but they can easily manipulate shitcoins. This is still the wild west! People can form groups to pump and dump these little shits, so they will keep on doing it. Doesn't matter who these people are or who these people will be, for as long as it possible for somebody to do it. Remember that maximum opportunity comes at the point of maximum pain, not before that. Getting a 10-20-30x isn't easy as you have to get in when everyone else wants to get out. You have to be a contrarian and ready to feel pain for some time before you get the big returns. Do you think that all the people that made money in before haven't put or won't put some money back in? When something is down 90-99%, that means that the people that sold high can buy a lot more than what they had for much less, while they don't really feel pressure to sell if it goes up or down a bit as they have already made good money. That's part of the reason these cycles in all markets and not just crypto. Not everyone has lost money and not everyone has lost faith forever. On the other hand it is funny to see people say that nobody could had seen this massive collapse coming. Since mid April I was calling for Bitcoin dominance to 70-77% and for now I am not convinced alts have bottomed. To me their bubble still hasn't completely popped yet and I find it amazing how altcoins are still holding this well. Notice however that I believe we are very close to the bottom... Based on several time analysis I've done and have put it on twitter both price wise and time wise we are getting there. The bottom should have already come and some other analysis says we are 50-120 days away. At the moment I can't see them dropping more than 25-50% from here, so maybe waiting for them to go lower is me being greedy, but I'd like to see them reclaim certain levels before I get in. *Fun fact: Some alts topped in late 2013 - early 2014 and it took them 1100-1200 days to bottom. Just think about that... 2. Fundamentals in the space are complicated and there is no real model to evaluate shitcoins as an asset class. Simplistic models and explanations don't work and should be instantly dismissed. Nothing is as simple as finding one narrative and sticking with it. What I know for sure though is that shitcoins in 2012-2017 had way worse fundamentals in all aspects. Less exchanges, shady exchanges, no funding, worse technology, more pure scams, no regulatory clarity and no fiat on ramps. However they all pumped to insane highs... if you don't believe me go have a look at how several coins survived 2012-2017 on CoinMarketCap, check how much they had dropped, for how long they were falling and despite all that so many of them pumped more than 40x from their bottoms in a 2-3 months. Seriously zoom in and try to imagine how these people felt like. I was in the Bitshares community for quite some time in 2016. That thing was going down forever... Seriously I thought it was dead. As I was growing and I was studying the technicals of Bitcoin, Bitshares and various other projects, I started realizing how flawed alts really were. The claims they were making were insane, unsubstantiated and relied on attracting money to the project. At that time the serial scammer Daniel Larimer left the project, people were having constant fights and all the proposals for improvements were awful. The Chinese community was blocking funding for several proposals and the whole thing was in death spiral. Yet it survived and had one of the biggest bubbles in Q2 2017. Most people that claim shitcoins are dead haven't been there and haven't experienced what several of us have. Looking at charts and fundamentals along is irrelevant. If you don't get the feeling, if you don't see things happening live... You will never understand. Experience can't be substituted with knowledge. I've made and lost money on shitcoins and ICOs, and my biggest mistake was being emotional and saying that: I DON'T INVEST IN SCAMS, THESE PEOPLE ARE FRAUDS, i DON'T WANT TO MAKE MONEY LIKE THIS. I WILL ONLY TRADE BITCOIN AND THAT'S IT. THE CLAIMS THEY ARE MAKING ARE INSANE, THESE PEOPLE ARE JUST GREEDY LIARS, NOBODY WILL BELIEVE THEM! THESE CHAINS WILL BE ATTACKED AND GET WRECKED. This was literally how I was thinking and then they all took off. I seriously got suicidal at the time as people around me where making money off scams and I wasn't. May and June were awful... Every morning I'd wake up with Bitcoin going up and I wanted to die because I missed one of the biggest opportunities of our lifetime. Imagine how you'd feel looking at something going up and up, 50-100-200x in BTC terms from the bottom. Now why would you wanna feel that again? Personally I don't plan to feel this way. 3. Now let's look at some of the fundamentals of shitcoins compared to normal companies: Shitcoins don't have to pay taxes, they don't have specific investors whom they have to satisfy immediately, they can't go bankrupt, they don't have to do buybacks, they could technically survive without employees (Dogecoin), they can print and they have printed their own money which they can use to *bribe* people and they have the incentive to pump the price to make more money from the money they have printed (Ripple). Most aren't promising something right now, but something in the future. They claim they are building the infrastructure and technically this isn't false. They can cut down costs and keep on operating to an extend, until they they both run out of money and they keep getting delisted from exchanges. What they have that Bitcoin doesn't is money for advertising and insane bag holders that will shill their shitcoins to anyone just so that they can be able to get their money back. It has to be understood that there will be more delistings and there will be several alts that will never recover. Having an alt season doesn't mean that everything goes up... Even before 2018 there were many shitcoins that died and are not around anymore. I estimate that until now there have been about more than 3000 altcoins, tokens, ICOs, projects that have died and more than half of the coins on Coinmarketcap are essentially dead or simply listed only on scammy illiquid exchanges that nobody uses. You might think this is bad, but in my opinion it isn't. It is a good thing for the rest of the coins, not bad. The more useless and less liquid alts give their place to new, more 'interesting' assets, the bigger the potential they will have for big pumps. Initially everyone feels the pain as everything is interconnected in this space (as people hold several shitcoins along with Bitcoin), however once more awfully managed / scammy / illiquid projects are gone, the more money can be focused on 'good' shitcoins. The reality is that not everything will pump and the average Bitcoin returns will not be as high as 2017. Larger market caps, more coins now and more coming in, most highly inflationary, fractured liquidity on exchanges, Bitcoin being more scarce, the success of derivatives on Bitcoin and the current infrastructure for institutional investors favoring Bitcoin alone, all mean that alts won't give such great returns and will most likely never reach their old highs again. Yet this doesn't mean they are dead either for reasons I will explain below. 4. The lower alts go the more smart money and whales can buy while there are less sellers. Altcoins can create short term narratives that can fuel demand, they can give incentives for people to hold them (BNB) and staking is a new component that in my opinion will play an instrumental role in this new bull run. The more and more people hold and stake long term, the less supply there is on exchanges making pumps easier as there are less sellers. The current extremely low yield environment globally will make people chase both returns and yields and this is making altcoins extremely attractive. Bitcoin doesn't offer extra returns by holding it, altcoins do. Yes they are scammy and PoS is trash, but most people don't get why. With most other assets being already too high, assets that are down significantly are extremely attractive. There are bubbles and antibubbles. Altcoins are an antibubble while real estate for example is a bubble in many places. Buying assets with inherently high risk at extremely low valuations helps you increase your potential returns substantially. The risk remains the same, but risk to reward x probabilities of success is the formula every investor should look at before making decisitions. It has to be noted that most traditional investors don't believe in Bitcoin, but in Blockchain and Cryptocurrency. Not only that, but their goal is to maximize returns for themselves or their customers, so they are ready to buy anything. They don't care about feelings, revolutions and at a time where making money is really really hard altcoins will most likely be an oasis for them. Most people can't distinguish between Bitcoin and Shitcoins, so people in this space need to separate themselves from the masses. What you know isn't what the market knows, and you need to trade based on both.That's how I fucked up in early 2017, as I thought that the market knew what I knew. This means: manage risk very well, study your picks well, always use TA to get in and out and don't marry your bags. What I find interesting is how people think Coinbase is irrelevant and that there will be no institutional money in shitcoins. Coinbase is extremely important as it holds ~5% of all Bitcoins and is one of the most important fiat gateways. Them listing new shitcoins is very important and Kraken has been following slowly too. What do you think people will do when Bitcoin goes up a lot and they also see these other things next to it go up even more? They will diversify of course... Something that can't go unnoticed is how most big exchanges have been building infrastructure for big players. Creating OTC desks, custodial solutions, indices and even normal fiat on ramps / stablecoins. These aren't just for Bitcoin, but for shitcoins too. It is important to note that none of these existed in before 2018 for shitcoins. Exchanges have a much larger incentive that anyone else to make these things pump and succeed. The higher they go, the more people trade on their platform, the more money they make. These markets run on incentives and exchanges are the most powerful players off all in this ecosystem. A few years ago all shitcoins traded only against Bitcoin on a few illiquid exchanges, but now there are fiat pairs, altcoin pairs, more bitcoin pairs and more established shitcoin exchanges. Not relying 100% of Bitcoin or Poloniex is really important. 6. One of my followers mentioned something about current investors being wiser and avoiding altcoins, which I think is completely irrelevant for several reasons. First of all most of them are already burned out and they don't have much money to put in. Most retail investors in the space are cumulatively worth ~50-100B which in the grand scheme of things is nothing. I am seeing this asset class growing to 20-30T before alts have their final bubble. I can't see why we can't get to the size of the Dot Com x5. Here we are reinventing money, there is a lot more fiat now than back then (thanks Central Banks), it is global, it is easily accessible and it has come at a time where fiat money is dying. No better place to have a mega bubble. So what matters more than anything is new investors coming in and with deeper pockets. The real 'flippening' is when old investors capitulate and new investors, smart money and whales take over. If you haven't noticed already, lots of people from before 2017 are gone because they lost pretty much most of their money or they are simply holding Bitcoin. That's why you don't hear from many people from back then. Burned investors usually don't come back until much later and usually near the top, like all the people that got burned in 2017-2019. The reality is that most people here are doing this to make more money and don't really know what is going on here. Be that Bitcoin or altcoins... Even old investors will eventually start buying them once they start trending. These things trend for a while (be that up or down), and that's why they have these constant cycles. Study the cycles and understand why they occur. Understand why you shouldn't be betting on what is the biggest sin in trading: *this time is different*. This doesn't mean that you should fool yourself and see them as long term investments. Once you do your homework you will understand how this game is being played. At the bottom smart money gets in (smart traders, whales, founders etc) and then they start pumping the shit out of these coins. Then retail money starts following and you get a bubble. This whole thing is about supply demand imbalances, it is all about strong hands taking over and weak hands slowly getting getting shaken out completely. 'Pumpers' need to do specific things to take over and pump the price to a level that they have sufficient liquidity to exit. So first they need a good entry and then they need a good exit as they can't keep pumping shit forever or they'll start losing money. 90% of the people don't like buying things that go down, but they like buying things that go up and this will never change. Most old investors might be able to avoid being the fool at the top, but this doesn't mean that there will be no new entrants. 7. Finally let's get into market caps, potential valuations and how Bitcoin fits in. I'd like to start by saying that shitcoins are very illiquid and these market caps are not real. What matters most is liquidity and who controls the supply. For a shitcoin to go from 10M to 1B you don't need to put 1B in. If you bought most of the supply for 5-10M during depression/capitulation, then with 50-100M you can take that asset to 1B. These market caps are an illusion that will eventually face reality and come crashing down. Markets are irrational most of the time and on the long run they oscillating around a mean/fair/rational valuation. We have seen such things again and again on exchanges like Huobi, where the worst of the worst shitcoins have pulled 10-60x over the last year. 1-10M USD shitcoins being in accumulation for several months, then pumping like crazy and then coming down like crazy Part of the reason why alt seasons last 1-3 months and the down trends much longer, is because people need to chase the market, they must not have enough time to think, they must feel urge to FOMO and then only time and despair can wash them out for a new cycle to begin. When the price go up it doesn't mean that this money has come in the market. All it means is that there is an illusion of wealth being created and the new money that comes in near the top is going straight into the pockets of the smart money. The people that buy afterwards are playing a game of hot potato that is essentially redistributing the losses that don't occur at the bottom, but at the top. During the main phase of the Bitcoin bull run, alts are being used to accumulate more Bitcoin and at the end to accumulate more USD. They serve as an exit for big players. By initially pumping Bitcoin you force people to chase Bitcoin and dump their altcoins, making it a lot easier for you to buy them cheaply. That's why after an altseason Bitcoin is going up stronger and alts go down hard. Bitcoin becomes more scarce and accumulated by strong hands, whereas alts are held by weak hands. So to me smart money either already has or will soon start accumulating altcoins. Big players can't simply buy the top or the bottom, so they always need some time to enter and exit positions, while they might even be sitting on big losses while they are trying to build their position. My initial idea was that we'd first see new ATHs and a big increase in Bitcoin like we did in early and late 2017, but with alts bleeding so much this doesn't seem like a bad place for big boys to enter. They most likely will want to accumulate Bitcoin before the 2020 halving and this doesn't seem like a bad place to do so. We don't have much data on pre-halving alt seasons, but getting an alt season like the one in early 2016 seems pretty logical to me.
CRYPTOCAP:BTC.DEducation
by BitcoinMacro
A quick overlook on ETH.What do you look for when buying?? 1. Fundamental support? 2. Statistical outlook on protocol growth and recent avenues? (ie: www.forbes.com) 3. Human appeal and influence? (lower prices are more appealing while regulation and growth continues) Grab it while its hot! ;) 4. Would you rather want a 50% 70% or 80% or hell 100% discount from where price took off? Sure would be nice to visit "station 1" of the bus ride for those cheap deals again! (UNLIKELY) But hey? Maybe station 2 is still good or even 3..? Think of this in terms of what would you pay as a brand new investor? Hope you all like my idea ^_^ Yellow zone can ride us back up Red zone people are looking for deals Blue zone people are observing pattern and market behavior for trends. Weapons of knowledge: 1. News 2. Market Behavior 3. Growth vs Competition 4. Use Technical Indicators for price action observation (Naked Trading should always be first included before layering indicators). Clean charts are good charts I only use indicators to help show ideas like a playbook for a coach. 5. Do not rely on indicators they all mostly lag but there are some leading indicators that help and a combination of "truths" help with probability. 6. An idea is just an idea - it does not make it real but people use them so it has effect! 7. Smart Money vs Dumb Money (Wholesale vs Retail) (Discount vs Buying the hype) 8. Psychology and Money management 9. The farther out the more you can see, history has its advantages... 10. Contact me for supportive constructive perspective and criticism. Likewise share thoughts Happy Trading all ^_^ !! For those of you who wish to help encourage my growth wallet address and TAG is below. Donation via XRP... As always, do not forget the tag and thank you for all your support in this journey! Wallet address rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg XRP Tag 636515678
BITSTAMP:ETHUSDEducation
by AschraM
BTC.D And ETHBTC Triangles Are Supportive For BITCOIN!Hello traders! Today we will talk about Bitcoin and its dominance! Well, as you know BTC Dominance is in the sharp rise and looking at the current wave structure, it doesn't look like it's already topped yet! A potential continuation triangle formation can be also seen in the ETHBTC chart, which means that BTC is still leading! So, in our opinion, based on many more evidences we shared with our members, we believe that BTCUSD should be supportive here and it could easily remain in uptrend, ideally within a big bullish triangle pattern. That being said, as long as BTCUSD is trading above strong 9500 support level, we think that there's room for more upside, so don't fall in love with bears just yet! Be humble and trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
5
Position 000008 Has Been Closed With 26.56% ProfitSince march 2018, 9 positions have been closed, all 9 positions have been closed with profits. 9 WIN - 0 LOSS DISCLAIMER: I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The Trading Signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
COINBASE:ETHUSDEducation
by Tech-Investor
ETH/BTC At Crucial Support: Huge Downside Potential!Hello dear ETH traders, hope you're doing well guys! ;) ETH/USD saw a nice breakout out of the wedge, but in the direct correlation to grandpa Bitcoin we're hugely descending & right now at a crucial support. If the bulls cannot bounce off from here, we have huge downside potential. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Education
by Edgy_
Basics of Trading with EMAs using Multi Timeframes MTF ExplainedThe Basics of Trading with EMAs using Multi Timeframes MTF Explained To be able to trade successfully you need to understand how timeframes influence price movements. Here I'm using the Litecoin D1 chart to illustrate. On a chart you can see 3 sets of EMAs from different timeframes with crosses marked by dots: 12 (aqua), 26 (purple), 50 (red), 200 (blue) D1, W1, Monthly EMAs use thin, medium, and thick lines respectively. Note: W1 and Monthly don't have EMAs 50 and 200 because there's not enough history, so there are less lines to watch There are also 2 indicators: Historical Volatility and EMA Cross MTF Grid The following relation between EMAs is timeframe specific: - D1 EMA50 is roughly EMA12 of the W1 higher timeframe - D1 EMA200 is almost exactly EMA26 of the W1 higher timeframe, but not quite you can use such EMA approximations to avoid switching timeframes, for example, H1 EMA200 = H4 EMA50 or you can use my Multi SMA EMA MTF indicator. Choose timeframes wisely: M15, H1, H4, D1, W1, Mo Some people also use 195 min, 2H, 3H, 6H, 12H, 2D, 3D, 3Mo to watch how price propagates in between. General Ideas of EMA Trading: 1) Make sure you're in a trend on the current and higher timeframe. You will be more confident to set higher price targets when both timeframes are going in the same direction, and lower targets when the higher timeframe is in the opposite direction in correction. When in sideways market: - no trade high risk zone - not every EMA cross up means an up trend. you can have a sideways market with multiple crosses negating each other (Litecoin Feb-Mar 2017). EMAs won't help you there. - this is especially true for faster EMAs: 12,26. But on a Daily/Weekly even a faster EMA becomes relatively slow and therefore more reliable because a lot of effort goes into a single candle. - use a series of multiple EMA crosses on cur/higher timeframes and EMA slopes to confirm the start of a move in a specific direction - use Super Guppy/SuperTrend/PVT trend indicators to gauge trend - use a series of higher highs/higher lows, 5 waves up etc - basic methods to establish that price is trending - wait for a clear breakout with volume confirmation with 1-2 higher tf bar closes above R level, retest and follow through - look at historical volatility, buy low (blue), sell high (red) - use oscillators - switch/trade higher timeframes that are in a trend - switch/trade another asset Keep In mind: - Trading the trend on higher tfs (D1, H4) is simpler than on lower tfs with lots of noise and indecision, you have less everything: less noise, less outcomes, less lines to watch. - Sideways trading/Scalping in general is not worth the time/effort - you will most likely lose your money to bots. This is high risk trading that only applies to small positions and requires attention, precision and lots of skill to be profitable. - Trading large positions and portfolios requires higher liquidity and hedging and can be done using options or margin trading with 2 open positions in opposite directions on several exchanges. Use margin/short only when you know what you're doing. Always calculate R/R and fees. You can lose money on fees even when the trade was profitable. if you trade low liquidity coins for pennies expect flash crashes with huge wicks and stop order execution only at the bottom - use stop limit instead. Last, but not least: you don't want to become the market. If you buy up the whole asset - the price will go down, as there will be no more buyers (Oil, US History) 2) When in an up trend (Reverse is true for down trend) You can observe the following price behavior on the chart: - price is above EMA12 - up trend, likely to bounce at EMA12 => aggressive: buy the dips with a stop loss - price is below EMA12, above EMA26 - likely to bounce at EMA26 or next supporting EMA: EMA50 or EMA12 of the higher timeframe => conservative: buy the dips with a stop loss - EMA12,26 cross down - correction/sideways/reversal - start of down trend => exit longs and/or short with a stop loss after the cross or on retest of EMA12 => expect a sell off and possible retest of the closest EMA12,26,50 with further sell off => price tends to go all the way to EMA200, but can be stopped by the next supporting EMA50 or EMA12,26 of the higher timeframe in the same direction - price is below EMA200 - correction/reversal that can propagate to/cause a correction/reversal on a higher timeframe => look for a series of EMA crosses/slopes in the direction of a new trend on both cur/higher timeframes - further 2x2 crosses down EMA12,26 x EMA50,200 - additional confirmation of the trend change => expect a sell off and possible retest of EMA50,200 with further sell off - further 2x2 crosses down EMA12,26 x EMA12,26 of the higher timeframe - additional confirmation of the trend change => expect a sell off and possible retest of the closest EMA50 or EMA12,26 of the higher timeframe with further sell off - when both cur/higher timeframes have the same direction, expect a bounce at the first touch of the EMA12,26 of the higher timeframe with a move higher as sloping of EMA12,26 of the higher timeframe starts to decline expect lower bounces/sideways the price will only break down when the sloping of the higher timeframe changes to down. Even if price breaks before that it will likely be bought up immediately with a huge wick - when cur/higher timeframes have opposite directions, expect a rejection at the first touch of the EMA12,26 of the higher timeframe, price won't reach EMA200 as sloping of EMA12,26 of the higher timeframe starts to rise expect lower dips/sideways the price will only break up when the sloping of the higher timeframe changes to up. Even if price breaks sooner it will likely to be sold into immediately - you can gauge trend direction using sloping of W1 and Monthly high timeframes pretty reliably even without a cross because a lot of time/effort goes into changing it. entries: - on a EMA12x26 cross up or after on retest of EMA12 - on a 2nd EMA12x26 cross up after the price dips below and bounces at EMA26 to regain EMA12 support - after a change of slope up/cross up on a higher timeframe - on low volatility (blue, zero) - open position in the direction of a trend. If both cur/higher tf trends are up - long, down - short. If they have opposite direction use the direction of the cur tf trend and lower targets. exits: - agressive exit when EMA12 changes slope to flat/starts declining - conservative exit on EMA12,26 cross down - at a major resistance/EMA above: EMA200 or first touch of EMA12 of the higher timeframe - on high volatility (red) Notes: - you don't need EMA50, EMAs 12,26 and EMA200 will be enough, but you can use EMA50,200 golden crosses for additional confirmations - Monthly EMA12 has just slightly dipped below Monthly EMA26, stayed there for 2 months and broke back up - that's how we averted the 2019 crisis. Bottom's in - Timeframes on EMA Cross MTF Grid are from top to bottom: Mo, W1, D1, H4, H1. As you can see, Monthly, W1, D1 are smooth green while H4 and H1 are choppy and filled with crosses/noise. - EMA Cross MTF Grid crosses are lagging 1 bar, Crosses on EMA curves are also lagging due to smoothing enabled ___________________________________________________________ All EMAs are fanning up with corresponding EMA sets above each other - W1 EMA26 is crossing Monthly EMA12 => up trends on all H1,H4,D1,W1,Mo timeframes Based on all this you can expect for Litecoin: 1. up trend for coming weeks with quick dips to D1 EMA12 (128) or EMA26 (119) that will be bought up immediately Only after EMA12,26 cross down in a couple of weeks (EMA targets will move higher): 2. a larger drop to W1 EMA12 (105) which is already above the major 100 horizontal support - that will be bought up on the first pass (after the first cross the price will likely regain support of EMA12, cross back up and go higher) 3. on a major correction at some point a further drop to Mo EMA12 (81) that will again be bought up on the first pass 4. on W1 EMA12 slope change to down - a final drop to EMA200 (77) or possibly below (stop loss wick hunt) that will again be bought up on the first pass 5. a theoretical max possible drop to Mo EMA26 (72) - in a couple of months
BITFINEX:LTCUSDEducation
by RagingRocketBull
5